Businesses represented approximately 54% of the consolidated net income
Marcopolo has announced its performance of 2015 financial year today (Tuesday). The company reached the net consolidated income of R$2,739 billion, with a retraction of 19.4% in relation to the obtained in 2014 (R$3,4 billion). The spotlight was its increase of 28.5% in businesses abroad and exportations – R$ 1,475 billion, versus R$1,148 billion the year before.
The significant retraction into Brazilian bus demand was the main reason for the fall in revenues. The domestic market fell 38.4%, and they manufactured 17,511 units (versus 28,429 units in 2014). Despite the retraction of the domestic market, Marcopolo’s market share grew to 40.7% in 2015, versus 39.6% in 2014.
Regarding the results achieved with the businesses abroad, the company exported 1,766 units from Brazil (excluding completely or semi-knocked down kits) versus 1,628 in 2014, which means an increase of 8,5%.
Considering the operations abroad, Marcopolo produced 2,254 buses in the units of South Africa, Australia, and Mexico, versus 2,376 in the previous year. South Africa registered an increase of 3.7% and manufactured 334 buses in 2015, versus 322 in 2014. In Australia, the performance was practically stable, considering a production of 428 units in 2015 versus 435 the year before. In Mexico the production reached 1,492 units in 2015 versus 1,619 in 2014.
Perspectives for 2016
According to Marcopolo’s board, the company continues engaged to the adoption of three task forces to accelerate the critical activities, which will collaborate to overcome the difficulties deriving from a domestic market still stagnated into a level much lower than previous background. The tasks include the strengthen of exporting markets performance and the expansion of the clients portfolio, as well as measures to reduce expenses and indirect costs, and operational efficiency improvement by adopting LEAN concepts, besides cash flow improvement by the reduction of stocks and receivables.
Exportations from Brazil continue being buoyant, boosted mainly by the more competitive exchange rate. The company’s actions aiming at the coverage of new markets and expansion of clients portfolio abroad have already reflected in clinched and ongoing deals. Regarding Marcopolo’s subsidiaries abroad, the company expects a better year in Australia, where the transformation program has been reflecting in an improvement in operational efficiency. In Mexico, Marcopolo intends to intensify its market share, mainly in the road transportation segment, through the continuation of the partnership with Mercedes, as well as with new opportunities to build on other chassis brands.
Despite the difficulties deriving from the Brazilian economical and political moment, the company continues to believe on the need to invest in urban mobility systems and the renewal of the Brazilian bus fleet. It also believes the retraction on demand in 2015 and the beginning of 2016 represents an accumulation of orders which may revert into new businesses as soon as the country economical and political conditions allow them to happen.